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Earnings Per Share
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
The following data shows the amounts used in computing earnings per share:
 
 
Income
(Numerator)
 
Weighted
Shares
(Denominator)
 
Per-Share
Amount
 
(In thousands except per share amounts)
For the year ended December 31, 2012:
 
 
 
 
 
Basic earnings per common share
23,176

 
47,909

 
0.48

Effect of dilutive stock options, restricted stock and SARs

 
245

 

Diluted earnings per common share
23,176

 
48,154

 
0.48

For the year ended December 31, 2011:
 
 
 
 
 
Basic earnings per common share
195,867

 
47,658

 
4.11

Effect of dilutive stock options, restricted stock and SARs

 
293

 
(0.03
)
Diluted earnings per common share
195,867

 
47,951

 
4.08

For the year ended December 31, 2010:
 
 
 
 
 
Basic earnings per common share
146,484

 
47,278

 
3.10

Effect of dilutive stock options and restricted stock

 
176

 
(0.01
)
Diluted earnings per common share
146,484

 
47,454

 
3.09


 
The following options and their average exercise prices were not included in the computation of diluted earnings per share because the option exercise prices were greater than the average market price of our common stock for the years ended December 31:

 
2012
 
2011
 
2010
Options and SARs
250,901

 
105,000

 
222,901

Average exercise price
$
52.72

 
$
61.24

 
$
52.59